Ronin
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Ronin is a sidechain specially created for the leading chain game Axie Infinity. It is an expansion solution for NFT and games on the chain. It claims to be developing in the direction of the most commonly used Ethereum sidechain for NFT games. Ronin is currently releasing its native token, RON.
RON tokens were first issued on January 27, 2022, with an initial market price of $3.56 and a planned total circulation of 1 billion. Up to now, all 1 billion RONs have been issued, and the circulation in the market is about 245 million. The current price is 0.58 US dollars, a drop of more than 80%. The current market value is 144 million US dollars, and the FDV is 586 million US dollars.
The difference between Ronin and other expansion solutions on the Ethereum chain lies in its adaptability to the complex needs of the Axie Infinity chain game. At present, the design goal of most Ethereum expansion solutions is Defi applications or simple asset exchange, which is inconsistent with chain games that require low on-chain congestion and low Gas. Ronin is characterized by seamless transactions, low Gas, and convenient transfer of assets with the Ronin Wallet wallet.
The founding team of Ronin is the development team of Axie Infinity established by Sky Mavis. Currently, the team has launched DEX Katana and more liquidity-related mechanisms based on Ronin. However, the theft of the Ronin cross-chain bridge in March 2022 also caused the loss of many players.
As of 2024, the Ronin Network has significantly matured beyond its origins as a sidechain for Axie Infinity, establishing itself as a robust Web3 gaming platform. One of its most important developments is the integration of zkEVM, which leverages zero-knowledge proofs to increase scalability and reduce transaction costs while maintaining security. This integration will allow third-party developers to build their own blockchains on Ronin, expanding its potential beyond Axie Infinity to accommodate a variety of games and decentralized applications (dApps).
The Ronin ecosystem now hosts several popular games, including Pixels, Wild Forest, and Apeiron, alongside its flagship Axie Infinity. These games have attracted hundreds of thousands of daily active users, making Ronin a leading network in the gaming blockchain space. Additionally, Ronin has expanded its DeFi capabilities with the Katana DEX and native staking mechanisms for the RON token, enhancing liquidity and user engagement. The network also supports multi-chain asset transfers, making it an all-around Web3 hub.
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Ronin is a sidechain specially created for the leading chain game Axie Infinity. It is an expansion solution for NFT and games on the chain. It claims to be developing in the direction of the most commonly used Ethereum sidechain for NFT games. Ronin is currently releasing its native token, RON.
RON tokens were first issued on January 27, 2022, with an initial market price of $3.56 and a planned total circulation of 1 billion. Up to now, all 1 billion RONs have been issued, and the circulation in the market is about 245 million. The current price is 0.58 US dollars, a drop of more than 80%. The current market value is 144 million US dollars, and the FDV is 586 million US dollars.
The difference between Ronin and other expansion solutions on the Ethereum chain lies in its adaptability to the complex needs of the Axie Infinity chain game. At present, the design goal of most Ethereum expansion solutions is Defi applications or simple asset exchange, which is inconsistent with chain games that require low on-chain congestion and low Gas. Ronin is characterized by seamless transactions, low Gas, and convenient transfer of assets with the Ronin Wallet wallet.
The founding team of Ronin is the development team of Axie Infinity established by Sky Mavis. Currently, the team has launched DEX Katana and more liquidity-related mechanisms based on Ronin. However, the theft of the Ronin cross-chain bridge in March 2022 also caused the loss of many players.
As of 2024, the Ronin Network has significantly matured beyond its origins as a sidechain for Axie Infinity, establishing itself as a robust Web3 gaming platform. One of its most important developments is the integration of zkEVM, which leverages zero-knowledge proofs to increase scalability and reduce transaction costs while maintaining security. This integration will allow third-party developers to build their own blockchains on Ronin, expanding its potential beyond Axie Infinity to accommodate a variety of games and decentralized applications (dApps).
The Ronin ecosystem now hosts several popular games, including Pixels, Wild Forest, and Apeiron, alongside its flagship Axie Infinity. These games have attracted hundreds of thousands of daily active users, making Ronin a leading network in the gaming blockchain space. Additionally, Ronin has expanded its DeFi capabilities with the Katana DEX and native staking mechanisms for the RON token, enhancing liquidity and user engagement. The network also supports multi-chain asset transfers, making it an all-around Web3 hub.